Lines of Credit and Financing Arrangements (Tables)

12 Months Ended

Dec. 31, 2013

Debt Disclosure [Abstract]

Outstanding debt obligations

The following tables summarize our outstanding debt obligations and the classification in the accompanying Consolidated Balance Sheets (in millions):

	As of December 31,
	2013		2012
Short-Term Debt:
Asset Securitization Program	$	160.0	$	30.0
Foreign obligations	5.9		4.9
Total short-term debt	$	165.9	$	34.9
Current maturities of long-term debt:
Capital lease obligations	$	1.3	$	0.7
Long-Term Debt:
Capital lease obligations	$	16.2	$	16.0
Domestic revolving credit facility	17.0		135.0
Senior unsecured notes	200.0		200.0
Total long-term debt	$	233.2	$	351.0
Total debt	$	400.4	$	386.6

Aggregate principal amount of long-term debt

As of December 31, 2013, the aggregate amounts of required principal payments on total debt were as follows (in millions):

2014	$	167.2
2015	1.8
2016	17.1
2017	200.0
2018	2.6
Thereafter	11.7

Eligible amounts available and beneficial interests sold

The eligible amounts available and beneficial interests sold were as follows (in millions):

	As of December 31,
	2013		2012
Eligible amount available under the ASP on qualified accounts receivable	$	160.0	$	160.0
Beneficial interest sold	160.0		30.0
Remaining amount available	$	—	$	130.0

Summary of weighted average borrowing rate facility

Our weighted average borrowing rate on the facility was as follows:

	As of December 31,
	2013		2012
Weighted average borrowing rate	1.17	%	1.46	%

Financial Covenants, Leverage and Interest Coverage

The required ratios under our Domestic Revolving Credit Facility are detailed below:

Consolidated Indebtedness to Adjusted EBITDA Ratio no greater than	3.5 : 1.0
Cash Flow to Net Interest Expense Ratio no less than	3.0 : 1.0